BRICS

In spite of the similarities between their constitutional and social welfare institutions, Brazil receives little consideration from the EU as a mediator between the global North and the global South. It is time for a re-think.

The financial crisis has lasted for five years and there is no end in sight. The excessive public and private debt and the overleveraged banks are a heavy burden on the real economy. They also worsen the unemployment problem by preventing stimulus and fuelling deflation. The debt problem must therefore be treated as a priority.